STOCKHOLM/MILAN (Reuters) – Oracle said on Wednesday it has opened its first cloud region in the Nordics in Stockholm, along with one in Milan, Italy, as the pandemic increased demand for cloud computing tools from private- and public-sector organizations. Cloud regions refer to the geographical location of data centers, allowing customers near that region to …
Oracle expands cloud cover with data centers in Sweden, Italy Read More »
SHANGHAI (Reuters) -Market regulators in eight Chinese cities said they had carried out inspections of Starbucks shops after the U.S. coffee chain said it found food safety issues at two outlets in the eastern Chinese city of Wuxi. The checks followed a local newspaper report on Monday that the two outlets in Wuxi had used …
Starbucks outlets in eight China cities inspected for food safety Read More »
By Chris Taylor NEW YORK (Reuters) – The COVID-19 crisis affected virtually every industry on Earth, but perhaps none quite so much as travel and hospitality. With everyone fearful and taking shelter at home, leaders had to strategize about surviving to the next day. Among them: Chris Nassetta, president and chief executive of hotel giant …
Safe travels: Hilton CEO Nassetta on managing through crisis Read More »
By Paulina Duran SYDNEY (Reuters) – Australia’s Westpac Banking Corp was hit with a so-called “first strike” vote against executive pay plans at its annual general meeting and Chairman John McFarlane apologised “unreservedly” for a sharp decline in its share price. McFarlane, nicknamed “Mack the knife” in Britain for removing CEOs during his chairmanship at …
Australia’s Westpac suffers protest vote at AGM, chairman apologises for share slide Read More »
(Reuters) – Alphabet Inc’s Google told its employees they would lose pay and eventually be fired if they do not follow its COVID-19 vaccination rules, CNBC reported on Tuesday, citing internal documents. A memo circulated by Google’s leadership said employees had until Dec. 3 to declare their vaccination status and upload documentation showing proof, or …
Google says employees flouting vaccination rules will eventually be fired – CNBC Read More »
(Reuters) – Short-selling, a bearish investing practice, has become a target of an expansive U.S. Department of Justice criminal investigation. The DoJ has issued subpoenas as it examines short-selling by hedge funds and their relationships with research firms that publish negative reports on certain companies, according to three people familiar with the matter. Short-selling entered …
What is short-selling and why does the DoJ care? Read More »
By David Shepardson WASHINGTON (Reuters) -A former chief technical pilot for Boeing Co charged with fraud for deceiving federal regulators evaluating the company’s 737 MAX jet says a Federal Aviation Administration (FAA) official called him a “scapegoat” for two fatal crashes. Lawyers for Mark Forkner said the FAA official with personal knowledge of the 737-MAX …
Former Boeing pilot says FAA official called him ‘scapegoat’ for crashes Read More »
By Helen Coster (Reuters) -Former U.S. President Donald Trump’s social media venture said on Tuesday it has entered into a technology and cloud-services agreement with Canadian video platform Rumble Inc. As part of the agreement, Rumble will deliver video and streaming for TRUTH Social, the proposed social media app from Trump. Rumble was launched in …
Trump’s social media venture partners with Canada’s Rumble Inc Read More »
By Shreyashi Sanyal and Noel Randewich (Reuters) – Wall Street ended lower on Tuesday after data showed producer prices increased more than expected in November, solidifying expectations the Federal Reserve this week will announce a faster wind-down of asset purchases. The fast-spreading Omicron coronavirus variant also dampened investor sentiment after the S&P 500 index hit …
Wall Street ends down, investors eye inflation and Omicron Read More »
By Medha Singh (Reuters) – Shares of AMC Entertainment closed higher on Tuesday after a sharp decline this month helped short sellers gain more than $1 billion on their bearish bets against the stock. The theater chain’s shares closed up 5.4% at $24.50 after falling as much as 10.5% to a new seven-month low earlier …
AMC, GameStop short sellers make comeback as meme stocks buckle Read More »
